Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Interest Income

  total $16,246,121 · related or exempt $16,246,121

• 2b · Program service revenue: Fee & Service Income

  total $3,468,676 · related or exempt $3,140,976 · unrelated business $327,700

• 3 · Investment income

  total $2,518,498 · excluded $2,518,498

• 7a · Gross sales of assets other than inventory

  securities $989,023

• 7b · Less cost or other basis and sales expenses

  securities $610,048

• 7c · Gain or loss

  securities $378,975

• 7d · Net gain or loss

  total $378,975 · excluded $378,975

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $2,201,644

• 5 · Compensation of officers, directors and key employees

  total $1,303,042

• 7 · Other salaries and wages

  total $5,627,850

• 8 · Pension plan contributions

  total $743,916

• 9 · Other employee benefits

  total $876,777

• 10 · Payroll taxes

  total $450,707

• 11b · Fees: legal

  total $69,330

• 11c · Fees: accounting

  total $195,303

• 11g · Fees: other

  total $363,765

• 12 · Advertising and promotion

  total $691,587

• 13 · Office expenses

  total $72,311

• 14 · Information technology

  total $1,501,341

• 16 · Occupancy

  total $591,735

• 17 · Travel

  total $30,260

• 19 · Conferences, conventions and meetings

  total $33,967

• 20 · Interest

  total $1,299,980

• 22 · Depreciation, depletion and amortization

  total $861,507

• 23 · Insurance

  total $93,453

• 24a · Other expenses: Miscellaneous Expenses

  total $1,138,195

• 24b · Other expenses: Loan Servicing Expenses

  total $902,849

• 24c · Other expenses: Operations Expense

  total $900,123

• 24d · Other expenses: Provision for Loan Loss

  total $408,239

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,849,385 · end of year $4,695,247

• 2 · Savings and temporary cash investments

  beginning of year $35,363,335 · end of year $15,194,545

• 7 · Other notes and loans receivable

  beginning of year $376,447,383 · end of year $429,407,153

• 10a · Land, buildings and equipment: cost or other basis

  $24,556,136

• 10b · Land, buildings and equipment: accumulated depreciation

  $14,645,845

• 10c · Land, buildings and equipment, net

  beginning of year $10,288,651 · end of year $9,910,291

• 11 · Investments: publicly traded securities

  beginning of year $107,875,661 · end of year $113,288,348

• 15 · Other assets

  beginning of year $19,866,479 · end of year $21,772,989

• 17 · Accounts payable and accrued expenses

  beginning of year $4,290,430 · end of year $5,821,967

• 23 · Secured mortgages and notes payable

  beginning of year $44,574,687 · end of year $66,999,687

• 25 · Other liabilities

  beginning of year $451,672,079 · end of year $474,608,712

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $57,153,698 · end of year $46,838,207

The filer's explanations (Part III)

Part I, Line 4b

Jeffrey Benson, William Zafirson, Nancy Nadeau, Suzanne Beaubien, and J. Michael Perrella participated in the 457f plan.